Royal Caribbean Cruises (RCL) EBT Margin (2009 - 2026)
Royal Caribbean Cruises' (RCL) quarterly EBT Margin came in at 23.8% in Q2 2026, down 335.0% year-over-year from 10.13% in Q2 2025, and up 8.56% quarter-over-quarter from 21.92% in Q1 2026.
Analysis
Royal Caribbean Cruises (RCL) EBT Margin (2009 - 2026) Analysis & Trends
Royal Caribbean Cruises has disclosed EBT Margin across 18 years of filings, most recently posting 23.8% for Q2 2026.
- In Q2 2026, EBT Margin fell 335.0% year-over-year to 23.8%; the TTM figure through Jun 2026 stood at 22.78% (up 312.0% YoY), while the FY2025 annual figure was 24.38%, up 654.0% from the prior year.
- EBT Margin came in at 23.8% for Q2 2026 at Royal Caribbean Cruises, up from 21.92% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 28.35% in Q3 2025 to a low of 107.02% in Q1 2022.
- Average EBT Margin over 5 years is 4.8%, with a median of 13.95% recorded in 2025.
- Year-over-year, EBT Margin soared 257625 bps in 2022 and tumbled 335 bps in 2026.
- Over 5 years, EBT Margin stood at 15.51% in 2022, then surged by 144 bps to 6.81% in 2023, then surged by 41 bps to 9.6% in 2024, then jumped by 65 bps to 15.8% in 2025, then surged by 51 bps to 23.8% in 2026.
- Per Business Quant data, the three most recent EBT Margin figures were 23.8% in Q2 2026, 21.92% in Q1 2026, and 15.8% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Royal Caribbean Cruises | 71.23 Bn | 70.31 Bn | 2.29 Bn | 23.80% |
| 2 | Viking Holdings | 38.98 Bn | 34.99 Bn | 996.62 Mn | 27.14% |
| 3 | Carnival | 32.12 Bn | 29.88 Bn | - | 8.33% |
| 4 | Norwegian Cruise Line Holdings | 7.08 Bn | 6.86 Bn | 1.05 Bn | 8.56% |
| 5 | Lindblad Expeditions Holdings | 1.73 Bn | 1.37 Bn | 96.64 Mn | 0.55% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.80% |
| Mar 31, 2026 | 21.92% |
| Dec 31, 2025 | 15.80% |
| Sep 30, 2025 | 28.35% |
| Jun 30, 2025 | 27.15% |
| Mar 31, 2025 | 18.78% |
| Dec 31, 2024 | 9.60% |
| Sep 30, 2024 | 21.18% |
| Jun 30, 2024 | 19.59% |
| Mar 31, 2024 | 8.88% |
| Dec 31, 2023 | 6.81% |
| Sep 30, 2023 | 22.40% |
| Jun 30, 2023 | 12.09% |
| Mar 31, 2023 | -2.53% |
| Dec 31, 2022 | -15.51% |
| Sep 30, 2022 | -1.40% |
| Jun 30, 2022 | -23.57% |
| Mar 31, 2022 | -107.02% |
| Dec 31, 2021 | -133.56% |
| Sep 30, 2021 | -313.53% |